The Cyprus Securities and Exchange Commission (CySEC) is the supervisory and regulatory authority for Investment Services firms in Cyprus and is a member of the Committee of the European Securities Regulators (CESR).

TopFX Ltd is governed by all applicable EU and local regulations, including the European Markets in Financial Instruments Directive (MiFID) and the Cyprus Investment Services and Activities and Regulated Markets Law of 2007 (Law 144(I)/2007).

MiFID Directive

The European Parliament and Council adopted the Directive 2004/39/EC, dated 21 April 2004, on Markets in Financial Instruments (MiFID), which came into effect on 1/11/2007 and aims to regulate the markets of financial instruments for provision of investment services and activities within the European Economic Area (EEA). The Directive has also been adopted in Cyprus through the Cyprus Investment Services and Activities and Regulated Markets Law of 2007 (Law 144(I)/2007) and in extent by TopFX, which is CySEC Regulated.

The European Union’s Markets in Financial Instruments Directive (MiFID) provides a harmonized regulatory regime for investment services within the European Economic Area. The main objectives of the Directive are to increase efficiency, enhance financial transparency, increase competition, and offer greater consumer protection in investment services. One of the unique principles of MiFID is that an investment firm may freely provide its investment and ancillary services within the territory of another member state and/or a third country, provided that such services are covered by the investment firm’s authorization.

FCA membership

The FCA (Financial Conduct Authority) registration requires financial institutions to abide to a set of European rules in order for clients and investors to receive fair treatment.

Registrations with 25 EU Regulators

MaxFX is holding passport agreements and is registered with the regulators of 25 EU member states. For these registrations to be sustained, the company is obligated to fulfill capital adequacy requirements, submit financial reports to the regulators, and undertake a detailed annual audit performed by an independent auditor to ensure compliance.

Risk Warning: Leveraged financial products incur a high level of risk and can result in the loss of all your invested capital. Therefore, Trading Forex and CFDs may not be suitable for all investors. You should not risk more than you are prepared to lose. Before deciding to trade, please ensure you understand the risks involved and take into account your level of experience. Seek independent advice if necessary.
Read more

MaxFX is a tradename of TopFX Ltd, which is registered as a Cyprus
Investment Firm (CIF) and licensed by the Cyprus Securities and Exchange
Commission (CySEC) under licence number 138/11 in accordance with the
Markets in Financial Instruments Directive (MiFID).